Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Business
Standard Setting Should Remain In The Private Sector, Nichole Calhoun
Standard Setting Should Remain In The Private Sector, Nichole Calhoun
The Review: A Journal of Undergraduate Student Research
"In lieu of an abstract, below is the essay's first paragraph.
The Financial Accounting Standards Board (FASB) is the body that establishes accounting standards in the United States. The FASB has a specific operating procedure that it goes through before it will issue a statement for a new standard. During the early stages of this process, a task force is appointed to research a topic of concern and a memorandum is issued to invite discussion. Then there is a public comment period, during which information from and views of interested parties are accepted and reviewed. Some parties that often give …